534.107 - OPERATING EXPENSES. - Iowa Statutes

534.107 OPERATING EXPENSES. The operating expense of an association in any one year shall not exceed three percent of the association's average assets during that year without the written approval of the superintendent.          Section History: Early Form [S13, § 1902-a; C24, 27, 31, 35, 39, § 9348; C46, 50, 54, 58, § 534.47; C62, 66, 71, 73, 75, 77, 79, 81, § 534.44]          Section History: Recent Form C85, § 534.107 87 Acts, ch 171, §30